EX-11 2 ex11.htm EXHIBIT 11 ex11.htm

EXHIBIT 11

COMPUTATION OF LOSS PER SHARE
(Dollars in thousands, except share amounts)
(Unaudited)
   
Three Months Ended
 
   
June 30, 2011
   
June 30, 2010
 
             
Net Income
  $ 65     $ (9,968 )
Weighted average common shares outstanding for computation of basic EPS
    12,652,063       12,631,821  
Dilutive common-equivalent shares
    --       --  
Weighted average common shares for computation of diluted EPS
    12,652,063       12,631,821  
                 
Earnings per common share:
               
      Basic
  $ 0.01     $ (0.79 )
      Diluted
  $ 0.01     $ (0.79 )
                 
   
Nine Months Ended
 
   
June 30, 2011
   
June 30, 2010
 
                 
Net Income
  $ (5,670 )   $ (21,006 )
Weighted average common shares outstanding for computation of basic EPS
    12,647,167       12,623,577  
Dilutive common-equivalent shares
    --       --  
Weighted average common shares for computation of diluted EPS
    12,647,167       12,623,577  
                 
Earnings per common share:
               
      Basic
  $ (0.45 )   $ (1.66 )
      Diluted
  $ (0.45 )   $ (1.66 )